Google is still waiting to hear how it responds The search engine business monopoly – this plans to discuss judgment – But now, it also needs to answer its shareholders. According to a report from The financial seasonGoogle Company Company Fabance reaches a preliminary settlement of shareholders who also hurts the company to allow Google’s anticompetitive claim to “Reputional Damage” and “many expenses.”
The new settlement reported to force the alphabet to build the “global structure of obedience” and cost the company at least $ 500 million in the next 10 years to take place. On its most basic, it means to establish some kind of committee within the alphabetical board to monitor regulatory issues, where Google has accreded many In the past few years.
“A new body consisting of senior executives is regularly report directly to the main executive sundhai principal,” Permanda Wrote, while another group “consisting of product managers and experts following content,” consult. The goal is to prevent the alphabet and its subsidiaries from making the type of business decision carrying Google to be a monopoly of many counts. A judge must approve the settlement before the company can proceed forward.
The case against alphabetic officers such as Sundar Pichai and Sergey Brin originally brought to a Michigan Pension fund for shareholders Back to 2021. In comparison with The structural changes The US Department of Justice is asking, paying some money and forming some committees a little question. In the Grand Scheme of Object, how alphabetical deals with regulation can be a more minor ways company business is forced to change the next few years.
